rumormonger
No man is above the law — not even multibillionaire Google CEO Eric Schmidt. At least that's what we hear from a well-placed tipster, who says Schmidt recently confessed to having been pulled over by the cops last month in Los Angeles for talking on his cell phone while driving. (California law recently changed to require the use of a headset.) Oh, but it gets worse for Schmidt.
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exits
Among the many windmills Jerry Yang tilted at in his brief career as Yahoo's CEO was his devotion to Web search. It veered on an obsession for him. It played into his decision to resist Microsoft's offers to shower him with cash, first for his whole company, then for just its search business. Is it a coincidence, then, that Yahoo's top search engineer has left a day after Yang stepped down? A tipster tells us Sean Suchter resigned yesterday, and speculates that he may be joining Microsoft.
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caption contest
Now that he's stepping down as Yahoo's CEO, will Jerry Yang ever take a public stage again, as he did at the Consumer Electronics Show in Las Vegas last January? Suggest an appropriately elegiacal caption in the comments; the best will become the post's new headline. Yesterday's winner:
ShreeCeto, for "Hey Jason! What's going on with your valuation?"
(Photo by Yodel Anecdotal)
yahoo
Can it get any dumber? Jerry Yang's post on Yahoo's corporate blog, "
Stepping down," is throwing me an error message that suggests Yahoo has banned the IP address of my Sprint wireless Internet card, but only for their corporate blog. And yet the post is visible on the
blog's homepage. It seems too bad to be true: Yang can't even say goodbye right.
Update: The "999" error indicates that the server automatically throttled itself to prevent a surge in traffic from taking the site down. Yang's resignation blog post had made the front page of Digg, the news-discussion site. What does it say about Yahoo's competence at building reliable websites if Digg can take down the boss's blog?
stocks
Silicon Valley entrepreneurs like to talk about their hopes of "changing the world." Yes, of course: Changing the world from one in which they are poor to one in which they are fabulously wealthy. The question in the air is whether the founders of companies do a better job at creating wealth, for themselves and their investors, than professional managers. With Yahoo announcing Jerry Yang's plans to step down as CEO, it would seem like a losing time for founders. But Yang is an exceptional case; he took his hands off the steering wheel when Yahoo had a mere five employees, and never really ran anything until he stepped in as CEO last June. Most founders of successful startups eagerly seize power, and have to be forcibly dislodged from the driver's seat. The best never let go. Just take a long-term look at the stock market, and you'll see why.
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exits
It is one of the most heartwarming narratives of Silicon Valley — the founder is abused and evicted by the suits and then returns triumphant. But that's not how it worked out for Jerry Yang,
ousted as Yahoo's CEO Monday by a suddenly restive board. Until yesterday, Yang was never much abused by Yahoo's suits; if anything, he was coddled for more than a decade, granted the honorific of "Chief Yahoo" and allowed a say in the Internet portal's strategy. He held a seat on the company's board, and played a role in courting executives like former CEO Terry Semel; but until last year, he never had to operate a business.
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great moments in journalism
The Associated Press does it again. "
Yahoo's Yang decides he's no longer the right CEO." That's gotta be a fun job, coming up with the dryly sarcastic headlines. But you gotta be careful with those, because unwitting Web surfers who don't get the jokes-inside-jokes voice of the Internet might actually think you're reporting that Jerry Yang made the decision.